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BLITZER’S BLOG: Most Americans say recession is here
September 2nd, 2011
04:40 PM ET

BLITZER’S BLOG: Most Americans say recession is here

By CNN's Wolf Blitzer

(CNN) - Economists will tell you the United States is not in a double-dip recession. Don’t tell that to the American people. Our new CNN/ORC International poll shows that 82 percent of the American people believe the U.S. is in an economic recession. Only 18 percent say we are not yet in recession.

The technical definition of a recession is simple: two successive quarters of negative growth. The first three months of this year showed tiny growth; the second three months showed very modest growth. We are now in the midst of the third quarter and won’t know the results for a while.

But for millions of Americans, as you can see from our poll, there’s no doubt.

So how do we get out of this economic crisis?

Our new poll shows that most Americans believe creating jobs is more important than reducing the deficit. Specifically, 68 percent said it was more important to create jobs; only 30 percent thought reducing the deficit was more important.

Republican deficit hawks might want to pay close attention to that, but the pressure is on President Obama to deliver this coming Thursday when he addresses a joint session of Congress and outlines his latest proposals. The stakes are enormous.

RELATED STORY: CNN Poll: 8 in 10 think we're in a recession


Filed under: Economy • Wolf Blitzer
soundoff (135 Responses)
  1. Syoji

    And if you take out union salaries, it would be even less Just one note on this- It's intetesring how quickly some' people got promoted under the new regime. Since our organization is DOD- I don't think we've had ANY people get merit or gratuitious promotions this year

    August 1, 2012 at 7:54 am |
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    April 30, 2012 at 7:50 pm |
  3. Joshua

    Obama is Jimmy Carter part 2. Neither had/have a clue about economics. We are seeing the same problems under Obama we had with Jimmy Carter.

    September 6, 2011 at 2:26 pm |
  4. VantagePt

    If we are talking about reforms going forward....it should be political reform. By this I mean each political office should have a run limit like the President. The same person can't run more than twice for this position, then we should demand that all political houses conform to this restriction. I've seen so many images of "seasoned" politicians falling asleep at meetings much like their actions do on non-election years. This mantra they use that "they serve the people" is a crock!! All they serve is the mighty $$$ that comes via lobbyist influence. How can the "broke,Unemployed" nation compete for influence with this type of "stimulus". In addition, all politician get the first year pass to get their acts together and show they have done what they stated in their campaigns they would do, if not bring in the runner-up to fill the seat for the remaining term and have that person be able to run for one additional term should they win the post back. I think getting rid of "career" politicians is the right way to reform the way things get done along with making it know to them that either you deliver or we will not wait for your sound bites come the next election. We need "public servants" to once again remember whom they truly are supposed to serve.

    September 6, 2011 at 11:42 am |
  5. VantagePt

    Economic indicators?!! I don't needt some mathematical equation to tell me that my neighbors have been out of work months if not years. They can't even get low level work because hiring companies see their resume and think they will flee the moment they find their line of work. So, they rather hire those they deem "low flight risk" hires. So for many professionals are stuck in between two extremes...low level work employers who think they're too qualified for their positions or those employers who rather select someone not specific enough to regain their old positions or near their old wages. It's getting so ridiculous out there that I heard a story of an employer dismissing a staffing firm because they couldn't provide an experienced dish washer.....all I said was "experienced?" What more do you need to know beyond what you do in your own kitchen daily. It's this "pickiness" that's infecting the job market. Employers know there's a severe suplus of potential workers so they are willing to wait for their "made to order" candidates. Unlike years ago where if you had experience in your field it often times did not matter the software used or industry specific experience as in most cases employers were willing to train qualified candidates. Today this is not the case and this is what's hurting those seeking work. Most are qualified but being unqualified for "cosmetic" points. In many cases after being told the company has passed on you to "pursue more qualified candidates", the same position..job code and all will post the following month. However, in many cases you will not be allowed to re-apply. With billions in profits being made and companies hoarding cash ....it's about time someone forces these companies to hire as a credit incentive or start raising their taxes to collect more revenues for the states these companies impact with every layoff they carry out. In addition, certain rewards should be bestowed on companies that have no layoffs within 5 to 10 years. I think these incentives would be better than any "tax break" politicians are considering now with no demands on corporations to get them. Much like the big Bail Out Plan ...oh excuse TARP that was done a couple of years ago.

    September 6, 2011 at 11:27 am |
  6. Joe

    If CNN keeps harping on it, we'll have a new recession as a result of a self-fulfilling prophecy. Fear mongering and sensationalism are more important that actual facts in the "news market."

    September 3, 2011 at 12:55 pm |
  7. TEA PARTY Mike

    We are in a doulbe dip and the only way out is for Obama and Senate Democrats to work with Republicans to roll back regulations that business is saying is holding them back. Without that it will not matter much what kind of jobs bill is passed.

    September 3, 2011 at 11:42 am |
  8. Thomas

    Are both wars over yet ?

    September 3, 2011 at 3:27 am |
  9. VantagePt

    If you were one of those "talented" people that brought this misery onto the rest of through Madoff-like financial products than the recession is not here. However, if you are the poor wage slave who's unemployment just ran or has been tapped out for a long time now....than it's not a recession but a depression. Although not yet at Central Park there are Hooverville type tent cities being sprung a different parts of the country. Now for those of you out there that think people decided to take an unemployement check sponsored vacation....I guess you also believe that politician give two cents about your situtation, rather than sounding concerned to get re-elected. Where were all these suddenly caring ears one, two, three or more years ago. The only time they hear us is when it's convenient for them. The problem corporate america has is that they are always worried as to wall st think of them each quarter. $1 Billion may have worked last quarter but this time they want $2 or those "talented" people may get a lesser bonus....yeah right! It's us who must settle for the scraps from the dinner table when reviews come around. They get what they got promised regardless of what's going on at the company but since the rest of us don't have such guarantees..we must divi up the remaining scraps with the rst of the cubicled masses. To create jobs we need responsible growth not some imposed arbitrary figure that must be met as the quickest way to boost profits is to layoff, oh, sorry I meant cut expenses.

    September 3, 2011 at 2:12 am |
  10. Greg

    Believing economists is like believing our politicians promises. An excercise in futility. Our politicians, both parties, got us here, now they want to be re-elected promising to fix the problem they created. Kind of like having the bank robber guard an open safe. My prediction, this will continue because we are basically sheep who will keep electing the same shepards to office. We have only ourselves to blame.

    September 2, 2011 at 10:46 pm |
  11. rose macaskie.

    The republicans say the stimulas packet did not work. Why dont democrates refute that with more force, it did work, were would everyone have been without it everyone knows things could have ended up being even worse. Things are bad now but they might have been terrible.
    Why could not Robert Reich have explained what the outlook had been then, and only after painting a picture of what could have been said that the only thing wrong was that the stimulous should have been bigger, apinting a picture of what could have beenand banging it home, seems to me the best way to refute this republican cry of the stimulouse did not work. Is it maybe because these people dont have enough time to talk on your show.
    Why did you say, "both of you smart guys", to Steve Moore, sometimes your niceness Wolf, gets to be a real nuiscance. Is it that Steve Moore looks as if butter would not melt in his mouth that make you so nice to him, he looks so unprepossesing, as Piers Morgan would say, that it is embarassing to quarrel with him, it is like being mean to the cripple.
    You should have called Steve Moore, who must know that the stimulous packet did a lot, a mean, cheat, for pretending othewise. Is it that the stupid and purely mob raising arguements of the republicans make the domocratic press doubt themselves? Or he is stupid or he is as irresponsible and mean as all hell and will say anything to pander to his voters and i should think this last is the truth, the republicans don't let idiots who aren't good at propoganda out of the stables.
    Maybe it is not so much that the republicans are mean, as totally incapable of seeing how seriouse things are and so they think there is lots of time for fiddling. Why are the most seriouse looking people often so unseriouse? The astute know the importance of looking ernest but they are not seriouse, they are only looking after themselves, they dont have a seriouse interest in politics. Or he is mean, or he is stupid, either way dont call him smart.
    ¿ What would have happened without the stimulus packet? The republicans are good at talking about what might have been had the approach to the crisis been diferent, they talk about the unknown, not so unknown if you are at good at calculations, so we should talk about what would have been without Obamas measures, paint the terrible picture of what would have been and defend Keynsian ideas for europe if yu have not a heart to do it for your selves, europe needs there to be a defense on Keynsians ideas somewhere. Obama seems to be following them discretely so I wish he would defend them strongly and make it easier for others to demand them in other countries and abandon the provenly disasterouse neo liberal ideas that are being thrust on them. If the democrates dont defend the right ideas, however will europe right the disasterouse road it is taking of strangling the economy with reductions and more taxes
    It seems that the ideas of the Neo liberalas have already broken lots of countries in the world, see Aljazeeras program, "IMF on trail". The neoliberal ideas sucked the energy out of Africas economy after the eighties, according to an expert on africa, Anna Pettifer, they reduced africas economy that was going well till the eighties. Apparently, the IMF who support neo liberal ideas, claim to look for poverty reduction and growth, but they create reduction of growth and increase of poverty where ever they go. They look after the banks money not the economies of all the citizens, they looked after greeces debtors who are allright, not the Greeks who are in a mess.
    The neo liberal ideas smashed Argentinas economy to smitherines starting in the nineties. The ideas the republicans have are not untried ideas, they are ideas that have been tried and failed recently. They dont work. No spending and paying back debt is a death knoll, it might sound good but it has been proven not to work.
    Why do democratic television presenters talk to republicans as if they were responsable people that you had to be respectfull to when they aren't, they are scallywags who will do or say anything to please their base. You need to foreswear what they say with much more strenghth than CNN is using, this is a crisis not a minuette. Obama cannot turn round people on all his own, leaders look for support groups because kings dont rein alone, read Shakespeare, no strong suppport from a group of barons or some such and the best of kings are done for. Obama needs help from all democarates to fight the Republicans who know so well how to only appeal to those things their base wants them to appeal to, not to what is necessary.
    It is a time to be asking for war time behavior, for every american to rally to his country and to forget the interests of only his business. As one person said today on cnn, Bush should have asked for sacrifice when he started a war instead of reducing taxes. This is a time to talk of blood, sweat and tears, especially from those who have enterprises. Effort it is what should have been called for at all moments since the crisis and even more so today, it is not business as usual that we need now, most especially it is not business as usual as that has come to mean some very cut throat behavior in the busiess world. Business men are meant to look after the economy as well as their purses when they do the profession seem valuable, when they dont they become expendable, you need to be usefull if you want to hold on to your business. The republicans should be giving blood sweat and tears and so should the rich.
    Steve Moor not only wants the government to stop spending he seems to want everyone to stop spending. Is that because this mess was created by people borrowing more than they could afford to so? Is he stuck on that track ? When Kenysian economists call for spending, It is not that they are asking people without the money to buy houses they cant afford again, it is that they want people who have money to spend. Maybe for Steve Moore to talk in a way that hints at associating spending with that fatal spending of before the crisis, the buying what you can't afford for no really good reason, is just the usual republican mischeviouseness, that twist everything to make it seem something nobody meant it to mean. They give great exercise for those dedicated to spotting how well some twist things. rose macaskie madrid.

    September 2, 2011 at 10:05 pm |
  12. Really?

    One metric that is very easy to look at (even though I know TPers hate charts, graphs or any other qualification of data because it usually doesn't support their Beckist talking points) is wages. Just look at wages going back to 2000. One word sums it up- STAGNANT. Yet, in that time, cost of living has risen. So, everything costs more relative to what you're making (inflation adjusted, of course). Where is that going to get you?

    September 2, 2011 at 10:04 pm |
  13. gordonatl

    Since when are Americans the authority on anything. The ignorance of the masses is the reason we are a democratic republic; we elect representatives to make policy for us. I'm in that 18%.

    September 2, 2011 at 9:41 pm |
  14. KPal

    Creating jobs is probably the best chance we have for recovery. However, people have to want to work. Many Americans in the work force today have never faced hard work in the way that their father's fathers experienced.

    The thing that concerns me is the apparent buy in of the middle class to the idea that protecting the rich and uber rich is important to creating jobs. It is not. Protecting corporations will not yield this success. The people are the valuable resource. We should be developing the people. The rest will take care of itself. But we don't do that because we are too concerned with getting our piece or protecting it if we already got it.

    Things I wonder about....
    Why does our nation create, by a wide margin, the largest demand for drugs of any country in the world?
    Why do we have and allow gangs to exist and commit acts of violence?
    Why do we want to build a big ugly metal fence a Ross our border when iit is shown to be totally ineffective at stopping drug smuggling but highly effective at disrupting the patterns of wildlife?
    What is really important to us as a nation?
    Why do we value actors more than teachers? Actors? Really? Really? I don't get it...
    Why, when all you see around you appears bad and desperation has found you, can a random act of kindness reach from the darkness and shine for you the exact light you need in the exact moment you need it?
    Why was Benjamin Franklin so cool?
    Just things I wonder about when I think about the garbage I read on CNN...

    September 2, 2011 at 9:33 pm |
  15. Florian DeLoche

    the problem with relying on public works projects like fdr used is that the fed gov is too far in debt. we need to grant tax cuts to companies that actually produce goods and hire people

    September 2, 2011 at 9:28 pm |
  16. arschlecker

    The WHite Houser and Washington do not know it but all of America knows it: The double recession arrived in June 2011. Why is it that our Government thinks we the people are so stupid? These darn politiicains should not be paid a penny because trhey are worthless.

    September 2, 2011 at 9:27 pm |
  17. TEA PARTY Mike

    I think we are in the start of a double dip recession.
    And nothing the government has done so far has helped very much. Nearly a trillion dollars in government spending and even some tax cuts including a payroll tax cut that was fairly substantial.
    And the problem is not that businesses are losing money, in fact they have sized themselves well within the current economy and are making good profits. But they are sitting on their cash and not expanding.
    Reports are that consumers have been paying down their debt and also saving more.
    So between the piles of cash businesses are sitting on and consumers with more in savings and less in outstanding debt balances, there is really a lot of fuel just sitting there ready to burn.
    The Obama policies have not been able to set the spark. And the answer lies in what the private business sector is telling us. The private business sector says that the mountain of new regulations and mandates and taxes heaped on them over the last 3 years have made it more expensive to add more employees, made it more difficult and expensive to expand and have added a level of uncertainty that makes it too difficult to measure the risk of expanding.
    At the same time Obama and the Democrats have been spending nearly a trillion dollars to stimulate the economy and create jobs they have been passing bills filled with new regulations and mandates and taxes that have had the opposite effect by causing business to sit tight.
    How about doing what businesses are asking the government to do and roll back many of these new regulations and get government out of the way. There is a pile of money sitting out there in the private sector, more than enough to fire up the economy and create jobs. Where is the sense in the government borrowing and spending hundreds of billions more when the private sector says under the present conditions they are not comfortable expanding? It would just be more wasted borrowed money. The private now has plenty of cash to stimulate the eonomy on it's own if it were freed up. Let's see if businesses mean what they are saying and get government out of the way. If it does not work and businesses continue to just sit on their profits, I am sure Obama and the Democrats would be thrilled to tax and regulate the heck out of them again.

    September 2, 2011 at 9:21 pm |
  18. mark

    To be honest, as far as the middle class is concerned the recession after 9-11 never really ended, it has continued for 10 years. Downward mobility began and wages went down not up.

    September 2, 2011 at 9:14 pm |
  19. Claudia, Houston, Tx

    Vote Republican and you'll be recession proof, if you're rich.

    September 2, 2011 at 9:06 pm |
  20. CaliforniaBC

    "Economists will tell you the United States is not in a double-dip recession. Don’t tell that to the American people"

    Yeah and the American people voted the tea party republicans into office and control of the House and now we've seen what that did to the country and the economy. I'm not putting much stock in what the average uninformed American citizen says.

    September 2, 2011 at 9:04 pm |
  21. Chalupa

    Black unemployment is 20%. So how is hope and change working for you?

    September 2, 2011 at 9:00 pm |
  22. tnmtl

    and by the way people, REDUCING THE DEFICIT AND FEDERAL SPENDING WILL NEVER BRING BACK ANY JOBS!!!

    September 2, 2011 at 8:48 pm |
  23. tnmtl

    So if the majority of people on a CNN poll thinks something, that makes it true?? Back in the day people called CNN "Clinton News Network". CNN should do another poll today what people think CNN should change their name to. I vote for RPN, Right-wing Propaganda Network. Or CON, Crucify Obama Network. You guys are totally driving the opinions of people, and your poll just proves that. Why don't you guys just get on with it and merge with FOX.

    September 2, 2011 at 8:46 pm |
  24. teepee

    Last time I looked, the president didn't hire people for work...outside of his cabinet. Businesses did that type of thing.

    September 2, 2011 at 8:36 pm |
  25. trex

    NOT for CEO's and Corporate America. Man, we cant even get these guys to pay ANY taxes on BILLIONS IN PROFITS..............

    September 2, 2011 at 8:31 pm |
  26. a

    The only question is what began in the fall of 2008 the great recession or the lesser depression. Education, gas, and health care are too expensive and jobs are scarce–round two of stagflation–remember the President Carter years?

    September 2, 2011 at 8:29 pm |
  27. Sharp

    Of course the recession's here. The Republicans have raised the devil himself to make it happen. Obama must be defeated even at the cost of everyone & everything. Nothing but scorched earth.

    September 2, 2011 at 8:28 pm |
  28. beevee

    Obama has nothing to do with the recession, but the GOP has. They want Obama to be a one term president. If the economy continues to falter and people continue to suffer that will be to the advantage of the GOP to get a republican president in the WH. I think the GOP will help bring down the economy until people blame Obama for it and vote him out. We will be stupid to fall for it.

    September 2, 2011 at 8:17 pm |
  29. CBR

    Instead of worrying whether we really are in a recession how about putting that energy into finding ways to move ahead. Why can't you challenge the CEO's of large corporations who have tremendous salaries that go up not down even in the recession to get their companies moving again. If they can afford these salaries then can afford to put money up front to get people back to work.

    These people are not being challenged by any members of the media. Si there a fear that the companies will pull their ads from tv, radio or printe4d media? Even the politicians are not challenging these people. Come on folks, this is your job as reporters to get answers to all the questions. It is our job to challenge companies even if we have to boycott to do so.

    Watch the evening news and watch for someone to give you the straight story. There is a spin on every story and a lot of glad-handing and back-slapping but not a lot of courage to do the right thing.

    September 2, 2011 at 8:17 pm |
  30. Truthvs.Libs

    The Obama Administration would like to wish everyone a happy and safe un-Labor Day weekend.

    September 2, 2011 at 8:08 pm |
  31. Ted Ryder

    How to fix the Economy (Work in Progress–Post your Ideas)

    1) Every business is given a Percentage American Score (PAS) based on the percentage of AMERICANS employed.
    2) Extreme tax breaks given to businesses with higher Percentage American Scores (PAS).
    3) Tax breaks given to companies that higher more workers than necessary.
    4) Balanced budget made a constitutional requirement with no other bills attached. The government should live within it's means.
    5) Wealthy are taxed more but are given extreme tax breaks if they create or invest in businesses with a high PAS.
    6) Businesses with low PAS scores are treated as foreign companies regardless of their central office location and goods and services are taxed as foreign imports.
    7) A counterpunching military policy is adopted. If you leave us alone, we will leave you alone. However, if you harm the US, we will destroy you with horrible weaponry and NOT rebuild your nation. Why is this our job?
    8) Move to hybrid cars like the Chevy Volt that will allow us to use electricity until it runs out then switch to gas to charge the battery. This particular hybrid is best because the engine mechanics are not based on combustion. This allows us to easily swap out the generator to something like biodiesel which we can grow right here using algae. Jobs will be created to grow our fuel here (algae–not edible) and give up the dependence on foreign oil. The electrical infrastructure will be modernized creating more jobs paid for by money that was leaving the country.

    September 2, 2011 at 8:06 pm |
  32. Jim

    Here as in back again? Heck, it never really left, did it?

    September 2, 2011 at 8:04 pm |
  33. Ross

    the Sun still rose for me this morning, my kid, my wife and i all managed to eat and have a bed to lay in. Maybe you shouldn't have spent all the money you had on a house you can't afford, a car you can't insure, and a credit card you can't pay off. If you're in a recession, odds are you are an idiot or your definition of 'Hard Living' is drastically skewed. Go back to flipping burgers or mopping floors, then you'll at least be making money while you bitch about how unfair life is.

    September 2, 2011 at 8:02 pm |
  34. beevee

    I know things are not good economically for the country. But I do not like the media constantlyscaring people that we are in a recession. This fear makes them even more careful and makes it worse on the economy. If only the stupid media stop harping on the word 'recession' people will be less concerned about it and things won't look that bad as the media wants it to look like.

    September 2, 2011 at 8:02 pm |
  35. jpceds

    0.0
    nuff said

    September 2, 2011 at 8:02 pm |
  36. Ron

    I'm always astounded when people say the recession ended two years ago and they're worried that we're going into a new one. If they actually lived in the real world, they'd realize there is no need to worry about a double-dip recession – we've never left the first one!

    September 2, 2011 at 7:45 pm |
  37. Rich A.

    The word "Recession" needs to be re-defined to include more than just corporate health.

    September 2, 2011 at 7:38 pm |
  38. Kathleen

    One of the reasons we are in bad times is because the Republican party has purposefully created obstacles for Obama since day one.......they don't take defeat well, especially having a black man in the Whitehouse. Whatever Obama has wanted to do to help the American people they have balked at for fear of making him more popular in the eyes of the people. Their only agenda is to bring Obama down, no matter what. It is so sad to realize that America has not progressed enough to accept a black man in the Whitehouse afterall. How else can one explain the shoddy treatment of our first black President. No other President has been held to such a high standard or had to endure such disrepect from the Republican party and at the expense of the American people. All that matters to them is driving him out of office and stopping any bill that may make him successful in leading America. Obama is a brilliant man and exactly what America needs to lead us out of this fiasco, (which eight years of Republican rule produced,) but they have tied his hands and put the lives of millions of people in question – all because they want to rule again and ofcourse because Obama is black and a little too intelligent for their liking. I think there is some payback in their treatment of him also as he was the most popular politician around the world in 2008 and attracted record breaking crowds everywhere he went, while their candidate lagged behind in all the polls. From day one, a leading conservative radio commontater announced "I hope he fails" and Fox news began the destructive propaganda to destroy his Presidency at all costs. No man can succeed in the position of President without help and support ,let alone endure the sinister tactics on an every day basis of a rabid Republican party bent on destruction.
    God help America and God help President Obama.

    September 2, 2011 at 7:33 pm |
  39. Bob

    Businesses will start hiring once Obama leaves office. His presence is destroying consumer confidence.

    September 2, 2011 at 7:32 pm |
  40. WoI Admin

    Investment in infrastructure, paid for by higher taxes – can and will create the jobs our economy needs.

    The American citizens are the real job creators. The government needs to help them plant seeds, so to speak.

    Government "getting out of the way" of already mature businesses is not going to create more jobs for US citizens, it will only increase corruption in the circles of business elites and encourage further arrogance, since there is already a stark lack of accountability for white collar crimes – which should be treated are criminal issues rather than civil lawsuits.

    September 2, 2011 at 7:30 pm |
  41. sam900

    Nobody believes those craps. If they really smart why can't they solve the current economic problems. Economists are wishy-washy. They have never really solved anything. Usually market corrects itself, and economists take the credit.

    September 2, 2011 at 7:22 pm |
  42. Mark Colegrove

    Republican = Big corporate profits=the wealthy getting wealthier= the poor dying= the middle class dead=the decay of society due to cutting of education= more crime=kaos= civil war= the cruble of the USA= the rise of facism.

    Republican=pond scum

    September 2, 2011 at 7:21 pm |
  43. William

    After making a complete ass of himself trying to step on the GOP debate then having to back down and asking for the totally unnecessary address to congress now in more humiliation for the president Aides suggest Obama may not reveal entire jobs plan in address, in what may be attempt to lower expectations. WOW! You wonder why only 19 % of Americans strongly support Obama? I am truly amazed it is even that high. However there are 21 % of Americans that claim they are liberal so I guess he has to have those even if he has no one else.

    September 2, 2011 at 7:18 pm |
  44. kevin

    They ask stupid questions, they get stupid answers. They might as well ask people if we are in another Great Depression.

    No we aren't in a recession or depression, but that's meaningless. So what if GDP is still growing. So what if some machine is kicking out more widgets than it did 6 months ago. Most Americans aren't financially secure and the government can fix that.

    September 2, 2011 at 7:13 pm |
  45. Toobad

    Good, I hope it totally destroys the economy and then maybe this reality tv generation with its materialism and self love will grow up

    September 2, 2011 at 7:13 pm |
  46. w l jones

    It should not take a Nuclear scientist figure out recession is built in the globe economy, Mr.Bush nor Mr Obama policy had had anything to do with it. Bless.

    September 2, 2011 at 7:04 pm |
  47. TheTraveler

    Creating jobs in America is over folks. Sorry. And I don't blame the Obama Administration for it either.

    Government has practically legislated new business start-ups into extinction. Reduced carbon footprint requirements, reduced emissions standards, environmental protection laws, etc BY THE HEW AND CRY OF THE PEOPLE have wrecked havoc on businesses and that effects job creation. WE THE PEOPLE have done this to ourselves. What is happening now it just the top of the slide into a true depression.

    For years and years, businesses have been outsourcing work and moving into other countries for manufacturing. Why? Because shareholders expect a profit and for CEOs and upper management people to keep their jobs, they have to produce. it's capitalism folks. If you can't compete, you're done.

    September 2, 2011 at 6:56 pm |
  48. Jesse

    The idea behind QE is actually not bad, but what its founders failed to concede of was what happens when after improving the balance sheets of the banks & financial institutions & keep interest rates low, they still do not invest in the domestic economy! To some extend theres persistent bias speculation in the finance world, but the bigger question is Whether the current means by which the free market economy is being overseen & assured is a prudent means, atleast from the demandee protection point of view. Overall i think Pres Obama is a good Pres, its just that he has found himself in one of those very very uniquely challenging positions, this period is certain to be an epoch making period for both the demand & supply sides of the economy.

    September 2, 2011 at 6:49 pm |
    • Nizami

      Monday that the U.S. has been in a recession since December 2007, maknig official what most Americans have already believed about the state of the economy.NBER is the group traditionally recognized as defining what is and is not a recession. The two quarters of negative growth rule is just a rule of thumb. You're just splitting hairs anyway. So typical of you to just seize on one (incorrect) definition of a word and hang on for dear life so that you don't have to admit the obvious.

      May 22, 2012 at 6:26 am |
  49. Polymath

    Most think the recession of 2008 never ended. It is my belief that there was no Great Recession, but rather we were then and now are in the Millineal Depression. The pressures for this began in the new millineum with the dot com bust, followed by 9-11, which led to failed airlines, economic slowdown, and two wars. Added to all this stress came the real estate bust and skyrocketing oil prices. Financial writers had claimed for a long time that modern knowledge and intellegence made another depression impossible. They forgot about the greed factor. Easy loans made far too many over leverege themselves and an absurdly high amount of borrowable cash along with people who shouldn't qualify for loans being approved pushed real estate prices beyond unrealistic to absurd levels. Republicans had deregulated everything and greedy bankers pushed the country over the edge in 2007 and 2008. I saw this coming years before it arrived. This is no recession and there is no easy way out. The bailout and stimulus stopped us from falling into a black hole far worse than the Great Depression, but we sit stranded, hanging by a thread on a snag, halfway down the abyss. Only a new generation will be able to crawl out. India, China, and other developing nations will soon push petroleum past peak demand. Americans are floundering under debt loads they cannot ease, high unemployment, a dollar under endless decline, rising health care costs, falling wages, and an ever increasing ratio between those drawing from Social Security and those paying into Social Security. These pressures will only continue to increase. Personal debt may get reduced, but national debt likely will continue to increase. Fossil fuel prices can only continue to climb until demand for them drops due to some breakthrough in alternative energy sources. That ever increasing Social Security ratio? Only when we Baby Boomers are all gone can a new generation restore some balance in it. We are not in a recession; we were not in recession in 2008. 2001 was a repeat of 1929 and 2008 was a redo of 1932. It was a long time between 1932 and December 7, 1941. During those 9 years things improved slightly at times and got much worse again at times. We cannot endure another Pearl Harbor and subsequent World War. In the last one, the industrial base of the rest of the world was destroyed. Ours ramped up for the war, slowed in August 1945, then revived when the Marshall Plan allowed other nations to borrow our money, then give it back to us for our goods. Having the only intact industrial base in the world allowed us to prosper for awhile. The affluence of the 50s through the 80s is the result of a rare set of circumstances, which will not...which CANNOT again occur. It will take a new set of miraculous circumstances to lift us from the current mire in which we sit...stuck. Hopefully they will not involve a world war; a nuclear world war would be the end of civilization, perhaps of the species. It will take huge breakthroughs in energy, medicine, and technology, but when really hard pressed, those are challenges that Americans have risen to meet. 1929 to 1952 was a long wait. Let's hope the ride through this Millineal Depression isn't as rough as the ride through the last one, because it could easily be as long.

    September 2, 2011 at 6:46 pm |
  50. Robert

    When did the recession leave. It never left in my book. Just b/c Wallstreet is doing well does not mean main street is doin well. I guess I would be doing well too if I stole 950 billion of the tax payers money.

    September 2, 2011 at 6:37 pm |
    • Zod

      The problem is that most Americans are, like you, entirely uneducated. You don't seem to realize that the term "Recession" has a literal meaning. You want it to mean "I'm personally unhappy", but that's not what it means. It means "two consecutive quarters of negative GDP growth compared with same quarter previous year." If you don't like the economy, fine. Most of us don't. But don't try and change the meaning of words.

      September 2, 2011 at 7:29 pm |
    • Rob

      Haha, I was going to ask the same question. I never knew the recession ended in the first place.

      September 2, 2011 at 8:49 pm |
    • RAMBLE

      Yes, the recession is here. And CNN urges U to re-elect Obama.

      September 2, 2011 at 9:21 pm |
  51. Dave L.

    It's just breathtaking to listen to each right wing guest say giving handouts to our largest corporations and "deregulation" is the cure for our economy's problems. The megacorps in the US are the only ones with cash to do anything and if they aren't going to hire if they are handed more money. Plus, as usual, CNN ignores the fact that the real job engine in the US are the small businesses who can't pay the their legislatures enough to care about them. You need to get out of the shallow thinking end of the pool.

    September 2, 2011 at 6:37 pm |
    • SDTangler

      Exactly! Well said.

      September 2, 2011 at 6:52 pm |
    • Lynn

      You hit it square on the truth. I'm beginning to wonder about CNN and their leanings. When their Poll today is "Do You Doodle", my gosh who the hell cares with so many more serious issues that need to be asked.

      September 2, 2011 at 6:57 pm |
    • Perkbins

      You are so correct. Small businesses are defined as those with less than 500 workers. They are the true economic engines of the USA economy. They do not have cash to pay the lobbyists to get the tax breaks like GE and others get. It is legalized bribery. Small companies should join together and raise the money to afford a team of lobbyists to fight for them like the big firms do. Politicians can be bought for amazingly small sums of money. I have Capitol Hill experience and the Money Talks and you know what walks.

      September 2, 2011 at 7:45 pm |
  52. mejazzbo

    I don't believe a word economists say. I don't care about their statistics and pie charts. Stats can be made to prove any side of a given argument. The proof is real world and that $uck$ for a growing number of American citizens.

    September 2, 2011 at 6:33 pm |
    • arschlecker

      You can take all the so called Economists from Washington and ship them to moon and America would be much better off. These guys really do not know their ass from their face, or in plain English: thy are worthless and that goes especially for Greenspan who is a big part of the problem.

      September 2, 2011 at 9:23 pm |
  53. jeremy

    We are in a depression, and they don't want to tell you because the polititions want to keep their jobs. We are Rome.

    September 2, 2011 at 6:30 pm |
    • Robert

      I agree we are falling faster than Rome did, storage they lasted 500 years. We are no where near that.

      September 2, 2011 at 6:45 pm |
    • James

      I AGREE 100%

      September 2, 2011 at 7:11 pm |
    • CBREEZE

      True. the real proof is on Main Street America, NOT ON WALL STREET, not from the 'experts', and definitely not from CONGRESS! They can say whatever they want us to hear, but we are in the start of a long DEPRESSION!

      September 2, 2011 at 7:17 pm |
    • Zod

      Believe it or not, terms like "Depression" have actual definitions.

      September 2, 2011 at 7:30 pm |
    • Rich A.

      ...and Rome is burning.

      September 2, 2011 at 7:39 pm |
    • RAMBLE

      All because the Tea Party wants to get us on a sound financial footing. Where's Waldo?

      September 2, 2011 at 9:23 pm |
  54. Gino Martell

    Listen. This is a self fullfilling prophesy. If enough people including so-called economists keep on telling us that we are in a recession, well heck sooner or later everyone to include employers begin to believe it. The is no hopeful talk from no where so why should I go buy a car or a house. Why?

    September 2, 2011 at 6:28 pm |
    • Lynn

      Build a recession and they will come.

      September 2, 2011 at 7:30 pm |
  55. Kim

    Not a recession, just a new normal that we will have to adjust to. With millions of jobs exported to a cheaper labor market
    putting many Americans out of work, how can they expect a quick recovery. We are only beginning to see the results of the exportation of so many American jobs.
    You see; these same Americans, who lost their jobs and are either unemployed or taking a job paying less, use to patronize the small business that everyone thinks is suppose to take up the slack and start hiring to bring us out of this. In reality, I would imagine many of these small businesses are struggling to keep their doors open and keep the employees they have and are in no way able to hire more. What are they suppose to do; hire people just so they can have more customers?
    I don't think the people are holding onto their money in fear, they just don't have as much to spend anymore whether they are drawing unemployment or have taken a job that pays less. They have had to adjust their spending habits – that is if they are smart.
    Maybe instead of looking at it as a slow recovery, we should be looking at it as a slow decline. When people have to adjust to making less, consumer spending will have to adjust to a new level! Small business will have to adjust to making less. The Government will have to adjust to making less income taxes. And maybe someday the ones who profited from this exportation of America will have to adjust to making less because there is no blood left in the turnip.

    Maybe the last decade or so should be referred to as the "Outsourcing Bubble". It looked really good on paper and at first the profits seemed great. But now we must face the consequences. What happens is when someone is first laid off, they don't worry so much about reducing their spending because they think they will find something equal to the job they lost. It is when they come to the realization that they will be taking a job with a huge pay cut or stay unemployed that they do stop spending so freely, and then the businesses that they use to patronize start to suffer and have to cut their expenses resulting in more unemployed people and some may even have to shut their doors. Then back to the Huge Corporations who realize they still aren't getting the increase in profits they dreamed of, so they export more jobs and the circle continues.
    UNTIL THEY CAN PATCH THAT EXPORTATION OF JOBS, WE AREN'T GOING ANYWHERE. And I worry that; even if these idiots who thought this was such a great idea comes to the grim realization that the very people they put out of work was not only employees but also a huge part of their consumer base as well, their sales have declined so much that they cannot afford to bring the jobs back.

    September 2, 2011 at 6:25 pm |
    • robe

      Bravo! I have been stating this as well for the last year to no response from anyone.

      September 2, 2011 at 8:31 pm |
    • will

      People need to understand that we pay too much for unskilled work. If I owned a business based on unskilled labor i would definitely go out of the nation. Not enough people care about buying "american made" products. Everyone wants the cheapest price, even the "all-american" family who constantly complain about the prices of merchadise. We can't compete because Joe Shmo who makes lug nuts for a living makes 65000 a year and has crazy benefits. A Chinese laborer will accept much less and produce a better product. Unions have killed this country

      September 2, 2011 at 9:12 pm |
    • Scotto

      Agree with everything you said. Your message should be read by everyone. The polarized Repugnicans and Demowhacks who have ignored the outsourcing of America to occur at the rate that it has over the last 2 decades has cost this country to decline. The real problem with this economy and this country is the hit that the middle class income earners have had to shoulder while CEO's make 400 times the average wage earner and corporate tills are overflowing with unspent cash. Of course this pays for more polarized political agendas to distract Congress so that governing is at a stand still, and the rich get richer.
      In the meantime China has to be laughing because they own our debt, have our jobs, and can make decisions way more effectively and quickly about building infrastructure, investing in education, a securing the ascension to 21rst century dominence.

      September 2, 2011 at 10:04 pm |
    • Farruh

      Posted on It wont help to spend money we dont have to protect jobs that Obama wants to save. There comes a time we have to bite the blleut and protect the borders even if it is on a volunter basis and with the borders so compromised now we need real blleuts in real guns to stop the infiltration rather than cede land to Mexico because the creep will continue until it hits middle America, if it hasnt already. Our Country should be sovereign and English speaking, undiluted and free from outside influence from the White House.

      August 3, 2012 at 3:55 am |
  56. Holly

    Illegal’s = unemployment
    Shame on O for back door dealings.
    If you are an unemployed American – you need the power of NumbersUSA
    It’s all related! The myth that illegal aliens only hold jobs that American workers won’t do is just that — a myth. Recent studies estimate that 20 percent of cooks, 25 percent of construction workers, 22 percent of maids and housekeeping personnel, and 25 percent of groundskeepers are illegal aliens. In addition, 40 percent of illegal aliens are visa overstays, many of whom take high-end jobs from Americans.
    When fast-food company Chipotle was audited and hundreds of its illegal workers were fired, American citizens lined up the next day for a chance to work at those jobs. . .
    U.S. Citizenship and Immigration Services data from last year show that 98.3 percent of employees were confirmed as work-authorized instantly or within 24 hours using E-Verify. A 2009 report by research firm Westat found that those eligible to work are immediately confirmed 99.5 percent of the time.
    E-Verify is free, very accurate and reduces paperwork for American businesses.
    Please put your efforts into helping the truly down and out Americans. Please put your efforts in helping mothers, fathers, teenagers find work. There are generations of families who cannot compete with the under the table dealings of illegal’s and have gone out of business. Fax your representative today. Faxes and calls work and faxes are free at NumbersUSA…..(there is POWER in Numbers, look it up and just do it!)

    September 2, 2011 at 6:20 pm |
    • Name*Carlos

      If you don't wanna do one of these jobs, don't apply then !! Let these ILLEGAL ALIENS do that because they don't take things for granted like some people !! By the way these people majority don't have blonde hair or blue eyes and what are you gonna do about it !! You are just racist !!

      September 2, 2011 at 7:16 pm |
    • Bob Brown

      Exactly!

      September 2, 2011 at 7:27 pm |
    • Alan

      Thanks for telling the truth, I have always said illegal immigration is the "elephant" in the room.

      September 2, 2011 at 8:03 pm |
    • RAMBLE

      Obama knows ALL minorities will overwhelmingly vot Democrat. With their hand stretched out.

      September 2, 2011 at 9:25 pm |
  57. frank

    There's no recession if you're a so called civil servant bleeding the remaining taxpayers dry. The recession applies to the private sector workerbees.

    September 2, 2011 at 6:15 pm |
  58. gary

    Only a fool can write such a article. We were NEVER out of a recession in the first place.

    September 2, 2011 at 6:14 pm |
  59. Um...

    well DUH!

    September 2, 2011 at 6:11 pm |
  60. Terry O'Brien

    Any of us who were Econ majors before 1980 remember the Paul Samuelson text and actually reading, and statistically reviewing the success of, John Maynard's Keyne's works. Then post '80, Friedman and the Chicago school.
    Ignorance of Samuelson (a Nobel Prize winner) isn't an excuse or reason to continue to pump Friedman's c – – p into the air. Let's have the debate of which of two Schools has statistical support as to success...Keynes (yes), Friedman
    (no on so many levels, but let's start with Chile).

    September 2, 2011 at 6:09 pm |
  61. Um...

    Well, DUH!

    September 2, 2011 at 6:09 pm |
  62. Rosta

    That is because all QE1 and QE2 did was boost the price of stocks and commodities. Unless you made money from investing from the results in this poorly thought out plan, you likely feel that you lost out even further – and you did! Wages are not rising, job openings are not growing and Companies are sitting on records amounts of cash. Cash they have used to buy back shares or pursue M&A. And now they figure the best solution is to allow these same companies and markets to pay less in taxes! How about some guarantees and specifics this time?

    September 2, 2011 at 6:08 pm |
  63. Doug

    Who would think for one minute these are good times ? I work, doing better than ever, but everyone I know is hurting really bad... I can't judge our economy on my job, only on what I see.. And what I see are lots of folks our of work who want to work even low paying jobs and the jobs just aren't there !!

    September 2, 2011 at 6:07 pm |
  64. rob

    So we should just drop the idea of debt reduction when everyone is aware of how important it is to the long term health of our economy and JOB CREATION. Thats what ther dems want you to believe so we should just go along with whatever Obama proposes and shut up. Well his record of job creation is abysmal. He promised we would have created 2 milion jobs by 2010 if we passed the stimulus and Pelosi promised 400000 jobs for just passing the health bill which we finally found out whats in it and WE DON"TLIKE IT. President Obama and the Dems failed to grow the economy while they controlled congress by wide majorities and now they want us to give them another chance to continue the same failed stratedgies by going deeper into debt.

    No Thanks.

    September 2, 2011 at 6:03 pm |
    • Michael

      The overarching principles at work for the last 30 years belong to the republicans–not the democrats. We have had three decades of free-market nonsense which conists of deregulation and tax breaks for the corporations. Where are the jobs? The facts show that America's wealthiest citizens and corprations are NOT creating jobs, they are simply pocketing the money.
      It's time to drop the charade of trickle down, tax the wealthy, and yes............IGNORE the deficit. Hire as many people as possible and recreate public works programs to rebuild the country's infrastructure.
      Put an end to the FAILED POLICIES OF THE REPUBLICAN PARTY.

      September 2, 2011 at 6:28 pm |
      • rob

        Well Michael, the last 30 years saw the defeat of the Soviet Union in the Cold War and the biggest economic boom in history starting with Regan and even Clinton, who together with a Republican Congress cut Cap gain taxes and cut spending, creating huge economic growth and increase revenues to the Govt. Whille this was happening here, the whole world saw an increase in economic and political freedom thats never been seen in the history of the world. Even GW Bush had growth and increased tax revenue during his term after the recession he inherited, 9/11 and two "unpaid for wars" by cutting taxes across the board. Just because the Dems and the media say things like what you said doesn't make it right. You are the perfect Dem voter because you don't get information other than from the liberal media.

        September 2, 2011 at 10:29 pm |
    • Your Name Here

      You ignore the deficit as you and the idiot liberals propose, you'll see financial armmegedon like you can't imagine! We've been insulated in the past, but not anymore. Your way of life will cease to exist! When the government is financially insolvent, who's gonna take care of all of the "wards of the state" that the Democrats want to create? You're an idiot!

      September 2, 2011 at 7:45 pm |
    • Dan in Albuquerque

      Actually, the health bill stands to cover the cost of expanding health care to 300,000 people in New Mexico, one of the poorest states in the country. According to Voices For Children in this state, some 38,000-47,000 private sector jobs that will cover the cost of the health care increases and more. This bill is not a drain,it is a real help to millions of Americans and there are many aspects of it that will create jobs. It is a welcome thing, even if it is hated by Republicans. We also must keep an all out atack on waste in all health care. Meanwhile, Americans in the majority want job creation first, then attack the debt. The majority also have repeatedly said they want legislators to get off their rear ends, quit arguing like 8 year olds and pass legislation with both spending cuts AND revenue. First, Republicans had better get off the "my way or the highway" and start truly negotiating as America wants or incumbents of both parties will suffer in November, particularly the right.

      September 2, 2011 at 10:31 pm |
    • Dan in Albuquerque

      Actually, the health bill stands to cover the cost of expanding health care to 300,000 people in New Mexico, one of the poorest states in the country. According to Voices For Children in this state, some 38,000-47,000 private sector jobs that will cover the cost of the health care increases and more. This bill is not a drain,it is a real help to millions of Americans and there are many aspects of it that will create jobs. It is a welcome thing, even if it is hated by Republicans. We also must keep an all out atack on waste in all health care.

      September 2, 2011 at 10:38 pm |
  65. Dan

    On the MLK Memorial–I would like to see more reporting on the fee that the King family charged for the monument to use Dr. King's likeness. A complete shakedown!

    September 2, 2011 at 6:03 pm |
  66. WilliamFL

    No business is stupid enough to hire anyone as long as Obama and his minions are in power. The statistics show that hiring in the U.S. stopped cold as soon as Obamacare was passed (my premiums went up 40%). Add to that the ridiculous EPA regulations that are forcing up electricity rates and gasoline costs, the NLRB preventing Boeing from opening a plant, the DOJ raiding Gibson Guitars, and the list goes on and on.

    September 2, 2011 at 6:03 pm |
    • frank

      This remark is absurd. Obama has little or nothing to do with the private sector's hiring decisions.

      September 2, 2011 at 6:17 pm |
      • rob

        Its not Obama personally, its his and the Dems POLICIES put in place during his first two years when they controlled everything. The media and the Dems make it seem that 2009 and 2010 didn't even happen by ignoring it. The Dems were so pre ocupied with passing the FAILED STIMULUS, and then the UNPOPULAR (check all the polls) HEALTH CARE PLAN, they forgot about the economy and the unemployed. I guess the Liberal Media would prefer to forget that little 2 year period but the public wont.

        Nov. 2012 can't come fast enough.

        September 2, 2011 at 10:13 pm |
    • reality check

      The new healthcare regulation hasn't been implemented yet, William. Your current insurer gauged you on their own volition or you are lying.

      September 2, 2011 at 7:00 pm |
    • Evelyn Berryhill

      Don't you mean that no company would hire as long as the wealthy and republicans are in control of congress.

      September 2, 2011 at 7:00 pm |
    • Adam

      Premiums up 40% is a joke. Obamacare doesn't really go into effect until 2014. At that time, rate its success or failure. Insurance companies have been using it as an excuse to squeeze more out of you and me.

      September 2, 2011 at 9:01 pm |
  67. JohnDHater

    9 out of 10 CAN'T DEFINE A RECESSION!!!!

    September 2, 2011 at 5:59 pm |
    • True

      Lol, this is exactly what I was thinking. Economies can have problems beyond growth trends but at the end of the day a recession is just that, a measure of economic growth over time. The only thing this article proves is that 82% of Americans can't define what a recession is and they need a forum to express their partisan dribble.

      September 2, 2011 at 9:16 pm |
  68. Brett 4Liberty

    There's nothing to see here the recovery is strong get into the market buy real estate blow savings on a vacation eat until you explode, Amen.

    September 2, 2011 at 5:55 pm |
  69. objectiveguy

    Did we ever actually get OUT of the last recession? Sure never felt like it to me!

    September 2, 2011 at 5:52 pm |
  70. objectiveguy

    Thanks, President Obama. Is this the "change" you promised us? Can we change it back???

    September 2, 2011 at 5:49 pm |
    • frank

      For the record, Obama inherited the recession.

      September 2, 2011 at 6:18 pm |
      • TfromNC

        How long are you going to use that excuse? 5 mores years and it will still be W's fault I persume.

        September 2, 2011 at 8:16 pm |
      • Dorothy

        Yes...but people always expect a quick fix...don't they?

        September 4, 2011 at 11:08 pm |
    • Adam

      Let's start with the Tea Party of No. They refuse to compromise and block everything Obama suggests. Obamacare has many GOP ideas in it after 18months of negotiations. But then it was "nos" because the Dems agreed to it. Political maneuvering has hijacked this country. We'd be better off if government ran like the senate pre-9/11 when both sides negotiated and worked together!

      September 2, 2011 at 9:03 pm |
  71. Tony Staten Island

    Damn Right we're in a ression!!It won't get better till the people on top lower everything!

    September 2, 2011 at 5:47 pm |
    • snowyowl

      Welcome to the Tea Party Recession. Go hit those econ textbooks and recall that you don't cut your way out of a recession, you build your way out. Put people to work rebuilding infrastructure. We need it along with the jobs.

      September 2, 2011 at 6:28 pm |
  72. Margaret Newland

    Jobs are out there, the media is not reporting where the american jobs are going to. Major Corporations are "in Sourcing Jobs " from India. They have these employees as contractors and are using the L1 Visa program to bring these people here. Why don't you investigate how many american jobs are actually in sourced into america. All o your guest are being dis ingenuos , they must know that thousand and thousands of jobs are not being filled by americans. INVESTIGATE, INVESTIGATE!!!!!!

    September 2, 2011 at 5:44 pm |
    • Mrs. Robinson

      This is exactly what I am seeing at my company. In the last two years, a large portion of our IT department (over 30%)has quietly transitioned to a large number of on-shore and off-shore Indian contract workers. Few of them are American citizens, and many on-shore contractors have recently come into America. It was a very conscious decision by top company executives who rely on American dollars for their revenue but would rather pay foreign workers for their services so they can keep their outrageously enormous salaries and bonuses at the executive level.

      September 2, 2011 at 7:57 pm |
      • Edy

        From James Kunstler's blog and a reason pelpoe were falling over themselves yesterday to pass anything:"The big effort of Mr. Paulson and his working group has been to ram through legislation that at all costs avoids any attempt to place a reality-based value on this bad debt. He managed it by holding a gun to Congress's collective head, telling them in plain English that a genuine "work-out" of these "toxic" investments would set in motion a fatal cascade of credit default swaps which would leave the entire banking landscape a smoldering wasteland - with the result that virtually every retirement account and pension fund would go up in a vapor, the Federal Reserve and the FDIC would melt away to twin piles of goo, scores of millions of lives would be ruined, and the USA would be left a basket case among nations, making us envy even the fate of Haiti and Zimbabwe. Talk like that might prompt a congress-person to do any fool thing."No more bailouts. No more.

        May 23, 2012 at 11:53 pm |
  73. Tony Staten Island

    every just keeps going Higer Tolls $13.00 water18% Elec 23% TAxes TAxes and Salary goes DoWn not enough $$ 2 keep UP!

    September 2, 2011 at 5:44 pm |
  74. Jeff Williams

    Things change. Yardsticks by which we measure things also need to updated occasionally, yet we continue to measure our economic health by standards which may no longer be accurate.

    For example, the way we measure unemployment is outdated. Small service businesses have increased exponentially since the 60s, yet our presence in the economy is understated. When our businesses go bad we don't end up as anyone's statistics when it comes to economic health. We just disappear.

    The focus has always been on corporate employees who are officially not working, but only when you factor in all the small businesses which are UNDER employed at the moment will you begin to understand how bad the situation really is.

    September 2, 2011 at 5:44 pm |
  75. malik abdul

    Hey Wolf, please ask this question to the american people, Was the Congress{mostly republicans} ready for a black president or where they caught off guarded by President Obama win?

    September 2, 2011 at 5:43 pm |
  76. us1776

    For the middle-class the recession of 2007 never ended.

    Only Wall Street did better since it got bailouts.

    The average American family is still struggling and in recession.

    .

    September 2, 2011 at 5:42 pm |
  77. frank

    Lets build new bridges, tunnels and roadways using the unemployed labor pool. It worked for FDR, why not for BHO?

    September 2, 2011 at 5:42 pm |
  78. RACHAEL

    I just observed the interview with Rep. Walsh regarding the President's speech to a joint session. Among the zany new arrivals to Congress he stands out as ill-prepared, arrogant and a political novice. His language and behavior are indicators of personal instability and great ego needs!!
    When are we going to get an expose of some of these political commandos?

    September 2, 2011 at 5:42 pm |
  79. Hope A

    Mr Walsh makes me sick!! I want you to ask what he has done in his state. How many companies has he visited and has he encouraged growth. None. They only talk tough and do nothing. We believe they are making a concerted effort to have America fail. Then what?? they will bring more disaster like the last GOP years.

    September 2, 2011 at 5:40 pm |
  80. Jean Strain

    I'd say a resounding 'yes'!! With the price of everything going up, and wages & COLA'S staying the same?
    Definitely~~~

    September 2, 2011 at 5:40 pm |
  81. Bill Brooker

    When you constantly report on bad news you're going to get skewed results. Guess what, if 9.1% are unemployed, 89.9% are. My wife didn't lose our jobs, we've cut our debt in half and bought a house. I feel for those who are suffering which is very real, but the recession mentality by the remainder of the rest of Americans is fabricated by the press.

    September 2, 2011 at 5:38 pm |
    • dan in albuquerque

      The Democrats have and most economists said it will take a long time, perhaps 10 years to get outselves out of this mess, no matter who is in office. As you see from the poll listed above, 68% say job creation is #1 and cutting spending is #2. That means a jobs program, which the president is going to present Thursday night. Instead of putting it down before even hearing it, why don't the Republicans just finally decide to DO SOMETHING, even if they have to swallow a little rhetoric for the good of the American people.

      September 2, 2011 at 6:37 pm |
  82. Steven Neet Big Rapids Mich

    Wolf: This is no longer a Recession. With the Jobs created flatlined and Jobs becoming increasingly scarce, no one is spending any money simply because they don't have it–period. Skyrocketing prices out of control are infuritating consumers and buisinesses alike, creating an environment of not only anger, but of deep depression as homeowners are foreclosed on and small buisinesses disapearing. Let's call it what it really is: An economic DEPRESSION!

    September 2, 2011 at 5:36 pm |
    • Eberton

      Recession is when your neighbor loses his job. Depression is when you lose your job.The goemvnrent does not want to use the word Depression' because it might create a panic and riots (like in Greece). Besides, recession and depression are relative terms. I don't think there's a defining line between the two (like unemployment rate goes above xx%, it becomes a depression). I think were are in the early states of a depression.

      August 1, 2012 at 4:08 am |
  83. FedUp

    The recession is "here"??? Has it ever gone away? Obama said the recession was over back in 2009. Since then, there has been long-term unemployment, price increases (oh sorry, where Obama shops, there has been no inflation), etc, etc, etc. Everything is bright and rosy. The jobs numbers are growing by leaps and bounds. Just ask the White House. Nothing wrong with this economy, they say. Maybe if someone actually told the truth once in a while (I know that's darn near impossible for a politician), there wouldn't be such a divide in this country.

    September 2, 2011 at 5:35 pm |
    • frank

      The Whitehouse spin should remain positive. Do you want doom and gloom?

      September 2, 2011 at 6:20 pm |
    • Your Name Here

      You're wrong! Prices have gone up where Obama shops. It's just that when he's spending your money and mine, he doesn't care what the prices are!

      September 2, 2011 at 7:54 pm |
  84. RM Huff

    Tired of companies sitting on cash reserves whining about uncertainty. When will someone in the almighty free market finally grow a pair and make a run at market share while the other players are cowering?

    September 2, 2011 at 5:32 pm |
  85. 1stladycharles

    I swear the 18% of americans that say that we are not yet in a recession are so disconnected to reality.

    September 2, 2011 at 5:31 pm |
  86. joshua

    the problem is, creating jobs in the public sector goes against all the priciples Obama has been trained to believe. Just last week the Gibson Guitar factory was shut down by the Obama Administration. They raided Gibson because they imported wood from India. The US gov't told Gibson that they could only import the wood if it was finished in India before shipping to the US. So it's more important to Obama that India get the jobs than it is to have those jobs here in the US. That is the mindset of this Administration. 2012 can't get here soon enough. Meanwhile, try and get a non-Indian person to answer your customer service problems.

    September 2, 2011 at 5:08 pm |
    • dan in albuquerque

      The kind of wood in guitars and most other stringed instruments is often critical to the sound, and some of it must be imported. If we start reneging on trade agreements, that sets a serious precedence and image for America. Also, some of the woods are rare, and importation is not allowed. I'm not sure if that is part of the problem with Gibson. But, I do know Gibson has a reputation for making some of the best intruments in the world.

      September 2, 2011 at 6:42 pm |
  87. w l jones

    If layoff regardless the economy condition it is a recession in any language. What the point!!

    September 2, 2011 at 5:02 pm |
  88. steven Harnack

    What more proof do we need that the majority of Americans can't tell a ship from Shinola?

    September 2, 2011 at 5:00 pm |

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